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Amendments to Maryland Constitutions
Volume 380, Page 375   View pdf image (33K)
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[View page image to see text stricken out of bill]

which may hereafter be levied, to pay off the public debt (or) to
any other purpose until the interest and debt are fully paid or the
sinking fund shall be equal to the amount of the outstanding debt;
[but the General Assembly may, without laying a tax, borrow an
amount never to exceed fifty thousand dollars to meet temporary
deficiencies in the Treasury, and] but the GENERAL ASSEMBLY
MAY AUTHORIZE THE Board of Public Works to direct the State Treasurer to borrow
in the name of the State, in anticipation of the collection of
taxes, such sum or sums as may be necessary to meet temporary
deficiencies in the treasury, to preserve the best interest of the
State in the conduct of the various State institutions, departments,
bureaus, and agencies during each fiscal year. Subject to the approval
of the Board of Public Works AND AS PROVIDED BY LAW, the
State Treasurer is authorized to make and sell short-term notes
for temporary emergencies, but such notes must only be made
to provide for appropriations already made by the General Assem-
bly. The General Assembly may contract debts to any amount that
may be necessary for the defense of the State. And provided fur-
ther that nothing in this section shall be construed to prohibit
the raising of funds for the purpose of aiding or compensating
in such manner or way as the General Assembly of the State shall
deem proper, those citizens of the State who have served, with
honor, their Country and State in time of War; provided, however,
that such action of the General Assembly shall be effective only
when submitted to and approved by a vote of the people of the State
at the General Election next following the enactment of such legis-
lation.
SEC. 2 And be it further enacted, That the aforegoing section
hereby proposed as an amendment to the Constitution of this State
shall be, at the next general election, to be held in this State in the
year 1960, submitted to the legal and qualified voters thereof for
their adoption or rejection in pursuance of directions contained in
Article 14 of the Constitution of this State, and at the said general
election, the vote on the said proposed amendment shall be by
ballot, and upon each ballot there shall be printed the words "For
the Constitutional Amendment" and "Against the Constitutional
Amendment", as now prescribed by law, and immediately after
said election, due returns shall be made to the Governor of the vote
for and against said proposed amendment, as directed by said
Article 14 of the Constitution.
Approved March 24, 1959.


 
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Amendments to Maryland Constitutions
Volume 380, Page 375   View pdf image (33K)
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